An army of Freddie Mac-ers is scouring the vendor halls at the Mortgage Bankers Association's National Technology in Mortgage Banking Conference now underway in San Diego.Freddie is using the conference to pursue its new strategy of meeting its technology needs with out-of-the-box products. Pegging this "sea change" to its previous policy of building in-house, Freddie Mac officials said this new initiative would be matched by an effort to broaden its search for new technology personnel beyond the Beltway to markets such as Chicago, where it already has regional offices. Freddie tied the new initiative to its embrace of e-mortgages and service-oriented architecture. The company's website is http://www.freddiemac.com.
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Check out the next set of names in the 28th edition of National Mortgage News' Top Producers survey, including on how they approach purchase business.
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Brian Hale, CEO of Mortgage Advisory Partners, warns of overcapacity, rising rates and AI-driven disruption forcing consolidation across the lending industry.
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CrossCountry increased its agreed-to offer for the real estate investment trust by 50 cents per share, as UWM Holdings made an unsolicited bid on April 20.
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The former Wall Street player blamed its decline on rising interest rates, trouble at its lending subsidiary, and debt stemming from the Great Financial Crisis.
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The Federal Open Market Committee's April meeting — likely Federal Reserve Chair Jerome Powell's last — is unanimously expected to keep interest rates steady, but questions about energy, inflation and the upcoming transition in leadership still loom.
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Jonathan Corr, the former CEO of Ellie Mae, is one of six new members of MeridianLink's board, added following its acquisition by Centerbridge Partners.
April 28






